George L. Ball - Mar 2, 2022 Form 4 Insider Report for PARSONS CORP (PSN)

Role
Chief Financial Officer
Signature
/s/ Michael R. Kolloway, as attorney-in-fact
Stock symbol
PSN
Transactions as of
Mar 2, 2022
Transactions value $
-$164,107
Form type
4
Date filed
3/4/2022, 04:14 PM
Previous filing
Mar 2, 2022
Next filing
Mar 8, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PSN Common Stock Award $0 +15.3K +65.6% $0.00 38.7K Mar 2, 2022 Direct F1
transaction PSN Common Stock Award $0 +16K +41.31% $0.00 54.7K Mar 2, 2022 Direct F2
transaction PSN Common Stock Tax liability -$164K -4.71K -8.61% $34.82 50K Mar 2, 2022 Direct
holding PSN Common Stock 170K Mar 2, 2022 By Family Trust F3
holding PSN Common Stock 61.4K Mar 2, 2022 By ESOP
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents an award of restricted stock units ("RSUs"). Each RSU represents a contingent right to receive one share of common stock. The RSUs will vest in three equal annual installments beginning on March 2, 2023 and have no expiration date.
F2 On January 1, 2019, the reporting person was granted an award of restricted stock units, which vest in the form of common stock based upon the Issuer's performance against certain strategic objective goals. On March 2, 2022, the Compensation Committee of the Issuer's Board of Directors determined that the strategic objective goals had been met, resulting in the vesting of these shares.
F3 These shares are held by the George L. and Coleen M. Ball Family Trust UA 01-18-2005 (the "Trust"). Mr. Ball has shared voting, investment and dispositive power over the shares held by the Trust.